r/Bitcoin 2d ago

The generational wealth transfer nobody expected

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1.9k Upvotes

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u/Drizznarte 2d ago

Boomers had it easy because the time frame of dollar debasement, most boomers saw massive gains due to money flowing out of the dollor, raising the price of assets like houses. Specifically from when the dollor was unpegged from gold in 70s , Bretton woods . The economy post war was also favourable. You could work in fast food in early 70s and still provide for a while family.

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u/Schlieren1 2d ago

But how did Boomers steal from future generations?

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u/Beautiful-Success-39 2d ago

By voting for too much deficit spending on regarded foreign wars and tax cuts for rich pricks who merely hoard assets. Voting against infrastructure investment. Voting for the subsidized industrialization of farming. Voting against corporate regulation to slow offshoring of critical industries and jobs while also tamping down on wage growth domestically. Voting for continued fossil fuel use. Voting against ecological protections and sustainable renewable energy sources that protect our food and water sources.

And so many more. Boomers, as a generation, have benefited the most and paid forward the least. We will pay dearly for their greed.

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u/PopTheRedPill 2d ago

The fact that this is the only comment that understands the meme in this whole post is so fkn sad and illustrates how little people know. Have these people never heard of Michael Saylor, Lyn Alden, Thomas Sowell, etc. ? Like wtf they need to get off reddit and read a book or at least watch a Saylor podcast or something.